The market maker of new bonds of Industrial Construction Investment Corporation Accord OJSC will be the International Bank of Azerbaijan. The Bank will provide liquidity of securities of the Corporation during their three years of treatment.
The Department of Public Relations of the Corporation Accord told Turan the yield on the bonds will be 11.75 % per annum. IBA will guarantee the purchase and sale of corporate bonds in a certain quantity and price range. Recall that there have been issued 50,000 bonds with par value of AZN 1,000 each.
Placement of the bonds will be done by LLC International Transaction System, which, as a rule, acts as a broker of the International Bank of Azerbaijan.
Accord first issued bonds in the same amount in 2010. The underwriter of the bonds was LLC Tekhnika Capital Management. The bonds of Accord with the yield of 12% were bought up by local financial companies (banks and insurance companies). Full repayment of the bonds of the first issue ended on 7 November. - 08D-
Economics
-
The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
-
The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
-
Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
-
Turkey aims to achieve carbon neutrality by 2053, transforming key sectors of its economy in line with a vision of "net-zero emissions and green development," President Recep Tayyip Erdogan announced at COP29 in Baku on Monday.
Leave a review